Yue Kan Holdings Limited (2110) AI Stock Analysis

• Market Cap: HK$51.12M
• Dividend Yield: N/A
• Average Volume (3M): 1.66M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.10
• Revenue Growth: -9.20%
• EPS Growth: 32.32%
• Country: HK
• Employees: 106
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.07
• Shares Outstanding: 360,000,000
• 10 Day Avg. Volume: 244,900
• 30 Day Avg. Volume: 1,664,400
• PEG Ratio: 0.03
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.17
• P/FCF Ratio: -2.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: HK$0.27 ▲(128.33% Upside)

Yue Kan Holdings Limited's stock score is primarily impacted by its poor financial performance, with significant challenges in profitability and cash flow. While technical analysis indicates strong bullish momentum, the negative P/E ratio and lack of dividend yield present valuation concerns. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Conservative Leverage

A low debt-to-equity ratio suggests that Yue Kan Holdings has a conservative approach to leverage, providing financial stability and reducing risk in volatile market conditions.

Strategic Partnerships

Strategic partnerships enhance operational capabilities and market reach, supporting long-term growth and competitive positioning in logistics and trading sectors.

Revenue Diversification

Diversified revenue streams from logistics, trading, and investments reduce dependency on a single sector, providing resilience against sector-specific downturns.

Negative Factors

Declining Revenue

Declining revenue growth indicates challenges in maintaining market share or pricing power, potentially impacting future profitability and competitive position.

Negative Profitability Margins

Persistent negative margins highlight operational inefficiencies and cost management issues, which could hinder long-term financial health and shareholder returns.

Cash Flow Challenges

Negative cash flows and declining free cash flow growth indicate liquidity issues, limiting the company's ability to invest in growth opportunities and manage debt obligations.

Yue Kan Holdings Limited Business Overview & Revenue Model

Company Description

Tian Cheng Holdings Ltd. engages in marine construction works. It specialises in reclamation works and supplemented by vessel chartering services and other civil engineering works. The company was founded 0n 24 May, 2018 and is headquartered in Hong Kong.

How the Company Makes Money

Yue Kan Holdings generates revenue through a variety of streams, primarily from its logistics services which include transportation, warehousing, and supply chain management solutions. Additionally, the company earns income from trading consumer products, where it sources and distributes goods to various markets. The revenue model is bolstered by strategic partnerships with suppliers and logistics providers, enhancing operational capabilities and market reach. The company also engages in investment activities, generating income through dividends and capital appreciation from its portfolio, which contributes to its overall earnings.

Yue Kan Holdings Limited Financial Statement Overview

Summary

Yue Kan Holdings Limited is facing significant financial challenges, with declining revenues, negative profitability margins, and cash flow issues. Despite a conservative leverage position, the overall financial health is concerning due to poor profitability and cash flow performance.

Income Statement

Yue Kan Holdings Limited has experienced declining revenue growth, with a negative growth rate of -2.45% in the most recent year. The company has been facing significant profitability challenges, as evidenced by negative gross profit, net profit, EBIT, and EBITDA margins. This indicates ongoing operational inefficiencies and cost management issues.

Balance Sheet

The company's debt-to-equity ratio is relatively low at 0.0588, indicating conservative leverage. However, the return on equity is negative, reflecting poor profitability and returns for shareholders. The equity ratio remains stable, suggesting a solid capital structure despite profitability concerns.

Cash Flow

Yue Kan Holdings Limited has negative operating and free cash flows, with a significant decline in free cash flow growth of -52.11%. The operating cash flow to net income ratio is negative, highlighting cash flow challenges. The free cash flow to net income ratio is positive, suggesting some alignment between cash flow and accounting profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	202.78M	202.78M	223.33M	198.03M	212.28M	345.62M
Gross Profit	-13.67M	-13.67M	-31.86M	-62.34M	30.21M	56.01M
EBITDA	-22.46M	-22.46M	-31.36M	-73.13M	30.79M	53.57M
Net Income	-34.48M	-34.48M	-44.14M	-87.05M	16.68M	37.63M
Balance Sheet
Total Assets	81.56M	81.56M	117.47M	145.99M	227.77M	265.47M
Cash, Cash Equivalents and Short-Term Investments	28.10M	28.10M	25.82M	33.69M	85.18M	124.52M
Total Debt	2.56M	2.56M	4.95M	6.84M	1.01M	1.62M
Total Liabilities	38.10M	38.10M	43.56M	39.52M	34.29M	63.67M
Stockholders Equity	43.46M	43.46M	73.90M	106.47M	193.48M	201.79M
Cash Flow
Free Cash Flow	-13.05M	-12.79M	-26.79M	-49.84M	-13.67M	20.11M
Operating Cash Flow	-13.05M	-12.79M	-26.70M	-38.71M	14.82M	34.22M
Investing Cash Flow	10.82M	10.82M	8.80M	-10.77M	-28.18M	-24.11M
Financing Cash Flow	1.49M	1.49M	10.06M	-2.02M	-25.68M	83.40M

Yue Kan Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2110, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.15, and below the 200-day MA of 0.12, indicating a bearish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 42.28 is Neutral, neither overbought nor oversold. The STOCH value of 65.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2110.

Yue Kan Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3728	68 Neutral	HK$54.70M	6.43	6.32%	―	46.37%	-22.94%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
8366	49 Neutral	HK$61.51M	65.00	―	―	-7.34%	―
2110	46 Neutral	HK$51.12M	―	-58.76%	―	-9.20%	32.32%

Yue Kan Holdings Limited Corporate Events

Tian Cheng Holdings Announces Board Composition and Committee Assignments

Tian Cheng Holdings Limited has announced the composition of its board of directors, which includes eight members with a mix of executive and independent non-executive directors. The board has also established three committees: Audit, Remuneration, and Nomination, with specific directors assigned to each committee. This announcement highlights the company’s governance structure and its commitment to maintaining a balanced and diverse board, which could impact its strategic decision-making and stakeholder confidence.

Tian Cheng Holdings Appoints New Executive Director

Tian Cheng Holdings Limited has announced the appointment of Ms. Jiang Chunxia as an executive director, effective December 1, 2025. Ms. Jiang brings extensive experience in supply chain management and marketing, which is expected to aid the company in expanding its domestic market presence and identifying new business opportunities. Her appointment is part of a three-year service contract, although she will not receive any remuneration for her role.

Tian Cheng Holdings Appoints New Executive Director to Strengthen Health and Wellness Sector

Tian Cheng Holdings Limited has announced the appointment of Mr. Zheng Qinggui as an executive director effective December 1, 2025. Mr. Zheng, who has extensive experience in the medical aesthetics industry, is expected to bolster the company’s development in the health and wellness services sector. His appointment is part of a strategic move to enhance the company’s operational capabilities in this growing market segment.

Tian Cheng Holdings Announces Unanimous Approval of AGM Resolutions

Tian Cheng Holdings Limited, a company incorporated in the Cayman Islands, held its Annual General Meeting on November 27, 2025, where all proposed resolutions were approved unanimously. The resolutions included the adoption of financial statements, reappointment of auditors, re-election of directors, and granting mandates for share issuance and repurchase. This unanimous approval reflects strong shareholder support and positions the company for continued strategic operations and potential growth.

Tian Cheng Holdings Completes Successful Share Placement

Tian Cheng Holdings Limited has successfully completed the placing of 60,000,000 new shares, representing approximately 16.67% of the company’s enlarged share capital. The shares were issued at a revised placing price of HK$0.121, generating net proceeds of approximately HK$6.93 million, which will be used for general working capital. This move alters the company’s shareholding structure, with the new shares being allocated to at least six independent third-party placees, none of whom will become substantial shareholders.

Yue Kan Holdings Adjusts Share Placing Price Amid Market Conditions

Yue Kan Holdings Limited, listed on the Hong Kong Stock Exchange, has announced a revision to the terms of its share placing agreement. The company has adjusted the placing price of its new shares to HK$0.121, reflecting a discount to the recent market prices. This decision follows negotiations with the placing agent and aims to align with current market conditions. The directors believe these terms are fair and in the best interests of the company and its shareholders.

Tian Cheng Holdings Announces Trading Halt Pending Inside Information Release

Tian Cheng Holdings Limited, a company incorporated in the Cayman Islands, has announced a trading halt on its shares on the Hong Kong Stock Exchange effective from 9:00 a.m. on November 3, 2025. This halt is pending the release of an announcement containing inside information, which may have significant implications for the company’s operations and stakeholders.

Tian Cheng Holdings Extends Deadline for Share Placement Agreement

Tian Cheng Holdings Limited has announced a supplemental agreement regarding the placing of new shares under a general mandate. The agreement extends the deadline for fulfilling the conditions of the original Placing Agreement from October 31, 2025, to November 21, 2025. This extension allows additional time for the company to meet the necessary conditions for the share placement. Shareholders and potential investors are advised to exercise caution, as the completion of the placing is contingent upon meeting these conditions.

Tian Cheng Holdings Limited Announces New Share Placement

Tian Cheng Holdings Limited, incorporated in the Cayman Islands, announced a new share placement under a general mandate. The company plans to issue up to 60 million new shares at a price of HK$0.1 per share, representing a discount to recent trading prices. The placement aims to raise approximately HK$5.71 million in net proceeds, which will be used for general working capital. The placement is subject to certain conditions, and the company advises shareholders and potential investors to exercise caution.

Tian Cheng Holdings Schedules Annual General Meeting with Key Resolutions

Tian Cheng Holdings Limited has announced its upcoming annual general meeting, scheduled for November 27, 2025, in Hong Kong. The meeting will address several key resolutions, including the adoption of audited financial statements, re-appointment of auditors, re-election of directors, and authorization for the board to manage share allotments. These resolutions are crucial for the company’s governance and operational continuity, potentially impacting shareholder value and corporate strategy.